CandleFocus Expert Says Bitcoin is The Best Trade You Ever See But Warns Against Leverage Use
2024-12-19
Author: Content Editor
Two market veterans, Fred Krueger and John Deaton, have warned traders and investors against using leverage for Bitcoin trades. Krueger described Bitcoin as the best trade ever but cautioned that many risk blowing it with leverage. Deaton also advocated for holding the asset rather than using leverage, citing the high volatility of Bitcoin. The warnings come as leveraged Bitcoin traders lost over $140 million in the past 24 hours. The losses were triggered by a sharp decline in Bitcoin's value following hawkish comments from Fed Chair Jerome Powell.
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